A/S SørMek: årsregnskap 1999 vs 1998
Shrank 38% on revenue, slipped into loss, fresh owner capital
Summary
What changed
Comparing Årsregnskap 1999 with 1998 for A/S SørMek. Revenue 14.13m NOK → 8.73m NOK (-38.2%). Net result +1.15m NOK → -110.4k NOK. Equity 400.0k NOK → 1.29m NOK.
On the constructive side: equity strengthened; owners injected capital. Pressures included: revenue fell; operating result weakened; fell into a net loss.
Net tougher year on the published lines.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 400.0k NOK → 1.29m NOK (equity ratio 7.1% → 41.7%). Calculated
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↑
Owners injected capital
Paid-in equity rose 50.0k NOK → 150.0k NOK (+100.0k NOK). Reported fact
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 14.13m NOK to 8.73m NOK (-38.2% YoY). Calculated
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↓
Operating result weakened
Operating result +659.1k NOK → -131.7k NOK (op. margin 4.7% → -1.5%). Calculated
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↓
Fell into a net loss
Net result flipped from 1.15m NOK profit to a loss of 110.4k NOK. Calculated
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↓
Payroll up without matching revenue
Salary cost -4.31m NOK → -3.24m NOK (-31% → -37% of revenue). Calculated
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↓
COGS moved
COGS / varekostnad -6.48m NOK → -4.39m NOK (+32.2% YoY). Calculated